Henry Boot (LON:BOOT) Stock Price Down 7.2% – Here’s Why

Henry Boot PLC (LON:BOOT)’s stock price was down 7.2% during trading on Wednesday . The stock traded as low as GBX 133.50 and last traded at GBX 154. 795,674 shares traded hands during trading, an increase of 836% from the average session volume of 85,045 shares. The stock had previously closed at GBX 166.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BOOT. Berenberg Bank restated a “buy” rating and issued a GBX 219 target price on shares of Henry Boot in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 226 price objective on shares of Henry Boot in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Henry Boot has an average rating of “Buy” and a consensus price target of GBX 222.50.

Henry Boot Stock Down 7.2%

The stock has a market capitalization of £206.81 million, a P/E ratio of 9.01, a P/E/G ratio of -11.97 and a beta of 0.23. The company has a current ratio of 4.85, a quick ratio of 0.83 and a debt-to-equity ratio of 27.55. The stock’s 50 day simple moving average is GBX 163.47 and its 200 day simple moving average is GBX 181.77.

Insider Transactions at Henry Boot

In other Henry Boot news, insider Darren Littlewood bought 10,032 shares of the stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of GBX 174 per share, for a total transaction of £17,455.68. Also, insider Timothy Andrew Roberts bought 16,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of GBX 173 per share, for a total transaction of £27,680. 6.40% of the stock is currently owned by company insiders.

Henry Boot Company Profile

Henry Boot is one of the UK’s leading land, property development and home building businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange for nearly 100 years, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises Hallam Land, HBD, Stonebridge Homes and Banner Plant.

Operating across the UK, and employing over 400 people, we focus on three key markets: residential, industrial and logistics, and urban development.